Plains All American Pipeline, L.P.

Plains All American Pipeline, L.P.

PAAยทNASDAQ

$22.90

-0.13%
EnergyOil & Gas Midstream

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates in two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and at times on barges or railcars. This segment provides terminalling, storage, and other facilities-related services, as well as merchant activities. As of December 31, 2021, this segment owned and leased 18,300 miles of active crude oil transportation pipelines and gathering systems, as well as an additional 110 miles of pipelines that supports crude oil storage and terminalling facilities; 74 million barrels of commercial crude oil storage capacity; 38 million barrels of active, above-ground tank capacity; four marine facilities; a condensate processing facility; seven crude oil rail terminals and 2,100 crude oil railcars; and 640 trucks and 1,275 trailers. The Natural Gas Liquids segment engages in the natural gas processing, NGL fractionation, storage, transportation, and terminalling activities. As of December 31, 2021, this segment owned and operated four natural gas processing plants; nine fractionation plants; 28 million barrels of NGL storage capacity; approximately 1,620 miles of active NGL transportation pipelines, as well as an additional 55 miles of pipeline that supports NGL storage facilities; 16 NGL rail terminals and approximately 3,900 NGL rail cars; and approximately 220 trailers. The company was founded in 1981 and is headquartered in Houston, Texas. Plains All American Pipeline, L.P. operates as a subsidiary of Plains GP Holdings, L.P.

At a Glance

Live Snapshot
Market Cap$16.16B
EPS1.6600
P/E Ratio13.80
Earnings Date08/14/2026
3Y+22.0%
5Y+94.0%
10Y+304.0%
3Y+602.0%
5Y+238.0%
10Y+190.0%
3Y-137.0%
5Y-266.0%
10Y+29.0%
PAA

Plains All American Pipeline, L.P. Cash Conversion Engine

PAA ยท NASDAQ
Net Income1.04B
Depreciation & Amortization957.00M
Stock-Based Compensation0.00
Change in Working Capital-34.00M
Others954.00M
Capital Expenditures-643.00M
Free Cash Flow2.29B

Cash Flow Quality Analysis

FCF Conversion Rate

219.4%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

21.9%

Moderate capital requirements typical of many stable businesses. Healthy balance between reinvestment and cash generation.

FCF Growth Trend

+22.6%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$34.00M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

Plains All American Pipeline, L.P. Cash Flow Statement

PAA โ€ข NASDAQ

Plains All American Pipeline, L.P. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
1B
1.1B
1.5B
1.2B
648M
-2.6B
2.2B
2.2B
858M
730M
906M
1.4B
1.4B
1.1B
1M
514M
580M
437M
365M
285.1M
957M
1B
1B
965M
774M
653M
601M
520M
626M
494M
432M
392M
375M
482M
249M
256M
236M
211M
181M
100.4M
14M
-28M
-24M
105M
23M
-70M
-46M
132M
16M
-60M
16M
100M
-7M
-19M
7M
-17M
-9M
-1M
0.0
0.0
0.0
50M
50M
40M
23M
15M
34M
79M
41M
60M
27M
98M
116M
101M
110M
98M
68M
24M
49M
0.0
954M
255M
-43M
261M
755M
3.7B
-253M
-206M
17M
-12M
79M
295M
-2M
-4M
997M
-4M
-49M
71M
60M
42.2M
(0.0)
(269M)
(69M)
(112M)
(76M)
(111M)
(136M)
(21M)
(50M)
(98M)
(50M)
(159M)
(37M)
(71M)
(11M)
(21M)
(5M)
(15M)
(0.0)
(0.0)
-34M
74M
194M
-191M
-227M
-158M
-12M
-133M
941M
-486M
-116M
-267M
74M
-466M
1B
-605M
-461M
139M
190M
-703M
2.9B
2.5B
2.7B
2.4B
2B
1.5B
2.5B
2.6B
2.5B
726M
1.3B
2B
2B
1.2B
2.4B
259M
365M
857M
796M
-275.3M
INVESTING ACTIVITIES
-643M
-619M
-559M
-455M
-336M
-738M
-1.2B
-1.6B
-1B
-1.3B
-2.1B
-1.9B
-1.6B
-1.2B
-657M
-451M
-469M
-589M
-548M
-341M
-2.5B
-252M
-458M
-163M
-126M
-771M
-574M
-458M
-1.7B
-583M
-358M
-1.3B
-161M
-2.2B
-1.4B
-407M
-223M
-709M
-127M
-1.3B
-332M
(0.0)
(0.0)
-14M
-94M
-461M
-524M
(200M)
-416M
-301M
-253M
(0.0)
(0.0)
(0.0)
(0.0)
(2M)
(0.0)
-37M
-9M
-45.9M
0.0
0.0
0.0
14M
94M
461M
524M
-200M
21M
0.0
0.0
0.0
0.0
0.0
0.0
268M
26M
51M
40M
4.4M
-197M
-633M
315M
92M
848M
416M
-10M
1.3B
1.1B
644M
-93M
-108M
121M
-15M
27M
7M
6M
-4M
21M
-200K
-3.7B
-1.5B
-702M
-526M
(386M)
-1.1B
-1.8B
-813M
-1.6B
-1.3B
-2.5B
-3.3B
-1.7B
-3.4B
-2B
-583M
-660M
-1.3B
-663M
-1.7B
FINANCING ACTIVITIES
-341M
0.0
0.0
-74M
-178M
-50M
0.0
0.0
1.7B
796M
1.1B
848M
465M
959M
1.3B
296M
458M
315M
383M
643M
2.9B
489M
-667M
-750M
-912M
427M
416M
-701M
-2B
-633M
1.4B
2.2B
425M
2.2B
-759M
734M
471M
687M
-54M
1.6B
-1.3B
-1.1B
-989M
-782M
-715M
-853M
-1.2B
-1B
-1.4B
-1.1B
-1.1B
-934M
-791M
-684M
-791M
-10M
-605M
-532M
-451M
-262.6M
-341M
(0.0)
(0.0)
-74M
-178M
-50M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-531M
-421M
-320M
-325M
-179M
41M
66M
-24M
788M
-156M
515M
362M
85M
-351M
100M
-182M
-149M
-6M
-2M
-16.3M
724M
-1.1B
-2B
-1.9B
-2B
-435M
-720M
-1.8B
-943M
563M
814M
1.7B
-281M
2.2B
-345M
336M
312M
464M
-124M
1.9B
CASH FLOW SUMMARY
14M
-11M
0.0
-3M
-5M
-8M
-3M
-9M
4M
4M
-4M
-3M
-3M
-1M
-10M
-1M
-3M
5M
4M
1M
-20M
-102M
49M
-52M
393M
-22M
16M
29M
-10M
20M
-376M
362M
17M
-2M
-10M
11M
14M
-13M
13M
1.7M
348M
450M
401M
453M
60M
82M
66M
37M
47M
27M
403M
41M
24M
26M
36M
25M
11M
24M
11M
9.6M
328M
348M
450M
401M
453M
60M
82M
66M
37M
47M
27M
403M
41M
24M
26M
36M
25M
11M
24M
11.3M
2.3B
1.9B
2.2B
2B
1.7B
776M
1.3B
974M
1.5B
-608M
-735M
72M
341M
36M
1.7B
-192M
-104M
268M
248M
-616.3M

SEC Filings

PAA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 02, 2026
June 01, 2026
2026
8-K

8-K 2026

N/A

May 22, 2026
May 20, 2026
2026
8-K

8-K 2026

N/A

May 13, 2026
May 11, 2026
2026
8-K

8-K 2026

N/A

May 12, 2026
May 12, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 08, 2026
May 08, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 10, 2026
May 20, 2026
2026
8-K

8-K 2026

N/A

March 03, 2026
February 26, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 06, 2026
February 06, 2026
2026
Showing 1 to 10 of 709 filings